Canada's Amaya posts fourth-quarter profit as costs drop

Reuters Staff

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March 22 (Reuters) - Amaya Inc , the owner of online gambling sites PokerStars and Full Tilt, reported a fourth-quarter profit, compared with loss a year-ago loss, as it added more customers and cut costs.

The company’s net income from continuing operations was about $45 million, or 23 cents per share, compared with a loss of $15.2 million, or 11 cents per share, a year earlier.

Amaya’s revenue rose nearly 6 percent to $310.4 million in the quarter ended Dec. 31. (Reporting by John Benny in Bengaluru; Editing by Savio D‘Souza)